Short Interest in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) Grows By 20.0%

Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a growth of 20.0% from the February 13th total of 2,500 shares. Based on an average daily volume of 2,200 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.5% of the shares of the company are sold short.

Invesco Dorsey Wright Basic Materials Momentum ETF Trading Down 0.6 %

Invesco Dorsey Wright Basic Materials Momentum ETF stock traded down $0.51 during midday trading on Thursday, reaching $87.35. 877 shares of the stock traded hands, compared to its average volume of 2,052. The firm has a fifty day moving average price of $89.75 and a two-hundred day moving average price of $92.09. The firm has a market cap of $50.66 million, a price-to-earnings ratio of 20.06 and a beta of 1.36. Invesco Dorsey Wright Basic Materials Momentum ETF has a fifty-two week low of $83.52 and a fifty-two week high of $99.92.

Invesco Dorsey Wright Basic Materials Momentum ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.2548 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco Dorsey Wright Basic Materials Momentum ETF

A hedge fund recently raised its stake in Invesco Dorsey Wright Basic Materials Momentum ETF stock. LPL Financial LLC raised its stake in Invesco Dorsey Wright Basic Materials Momentum ETF (NASDAQ:PYZ) by 52.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,217 shares of the company’s stock after buying an additional 7,266 shares during the quarter. LPL Financial LLC owned 3.66% of Invesco Dorsey Wright Basic Materials Momentum ETF worth $1,841,000 at the end of the most recent reporting period.

About Invesco Dorsey Wright Basic Materials Momentum ETF

The Invesco DWA Basic Materials Momentum ETF (PYZ) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of US basic materials firms selected and weighted by price momentum. PYZ was launched on Oct 12, 2006 and is managed by Invesco.